What users are saying about
95 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

Financial Edge NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Financial Edge NXT
7.3
Pay calculation
Financial Edge NXT
4.9
Direct deposit files
Financial Edge NXT
5.2
Salary revision and increment management
Financial Edge NXT
9.9
Reimbursement management
Financial Edge NXT
9.0

Customization

Financial Edge NXT
7.8
API for custom integration
Financial Edge NXT
8.5
Plug-ins
Financial Edge NXT
7.0

Security

Financial Edge NXT
8.8
Single sign-on capability
Financial Edge NXT
8.9
Role-based user permissions
Financial Edge NXT
8.6

Reporting & Analytics

Financial Edge NXT
8.2
Dashboards
Financial Edge NXT
7.3
Standard reports
Financial Edge NXT
8.7
Custom reports
Financial Edge NXT
8.7

General Ledger and Configurable Accounting

Financial Edge NXT
8.2
Accounts payable
Financial Edge NXT
9.0
Accounts receivable
Financial Edge NXT
7.0
Cash management
Financial Edge NXT
9.0
Bank reconciliation
Financial Edge NXT
8.7
Expense management
Financial Edge NXT
8.9
Time tracking
Financial Edge NXT
6.4
Fixed asset management
Financial Edge NXT
9.0
Multi-currency support
Financial Edge NXT
7.9
Multi-division support
Financial Edge NXT
9.0
Regulations compliance
Financial Edge NXT
9.8
Electronic tax filing
Financial Edge NXT
5.3
Self-service portal
Financial Edge NXT
9.0

Order Management

Financial Edge NXT
5.8
Pricing
Financial Edge NXT
6.5
Credit card processing
Financial Edge NXT
9.4
Cost of goods sold
Financial Edge NXT
1.4

Pros

Financial Edge NXT

  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer | TrustRadius Reviewer

Cons

Financial Edge NXT

  • The dashboards need to be imported onto company website for board review
  • The financial reports generated within the program should be as appealing (not so canned) to the ones we have to format in excel
  • Implementation costs could be a lot less
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Financial Edge NXT

Financial Edge NXT 7.8
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA | TrustRadius Reviewer

Usability

Financial Edge NXT

Financial Edge NXT 5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs | TrustRadius Reviewer

Support Rating

Financial Edge NXT

Financial Edge NXT 10.0
Based on 3 answers
Excellent support given by people who fully understand the system and your question. Multiple channels to access support, and an easy-to-use tracking system for support requests. No language barriers, and people unafraid to admit they don't know the answer. If followup is needed, they get back to me when they say they will, and they keep after a problem until it's resolved. I LOVE BLACKBAUD's SUPPORT!
Susan Cornforth | TrustRadius Reviewer

Implementation Rating

Financial Edge NXT

Financial Edge NXT 6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs | TrustRadius Reviewer

Alternatives Considered

Financial Edge NXT

I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Tracy Spence | TrustRadius Reviewer

Return on Investment

Financial Edge NXT

  • Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
  • Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
  • Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.
Anonymous | TrustRadius Reviewer

Screenshots

Pricing Details

Financial Edge NXT

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

Rating Summary

Likelihood to Recommend

Financial Edge NXT
8.2

Likelihood to Renew

Financial Edge NXT
7.8

Usability

Financial Edge NXT
5.5

Support Rating

Financial Edge NXT
10.0

Implementation Rating

Financial Edge NXT
6.4

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